Earn 150 points if your disbursal is less than or equal to ₹3 lacs, 300 points if disbursal is greater than 3 lacs but less than or equal to ₹ 5 lacs, and 450 points if disbursal is greater than ₹ 5 lacs.

Fee Details

Interest Rate : 15.50% - 24%

Processing Fee : 1.5

Pre Closure Fee : 0

Late Payment Fee : 2% p.m. on the overdue installment

Part Payment Fee : 0

MCLR : 8.60%

Documents Required

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Application form

Photograph

Age proof

ID proof

Income proof

Bank statement

Residence proof

Signature verification proof

Pros

No Preclosure fee

No Part Payment fee

Cons

Processing Fee Applicable

Priviliges

Online Approval

Balance Transfer

Eligibility

Applicant should be between 21 to 60 Years of age.

Net Monthly Income should be ₹ 15,000 or Above.

Applicant should be a Salaried Employee (Salaried doctors, Employee of Public and private limited companies, Public and private limited companies, Government sector employee including Public Sector Undertakings and central and local bodies).

pranav chitambram

Fri Oct 20 2017 09:21:34 GMT+0000 (UTC) a year ago

Very good bank for loan

Great

Atul Bhavsar

Sat Aug 19 2017 11:04:51 GMT+0000 (UTC) a year ago

Happy Customer. I have taken personal loan from Axis Bank and the bank offered me an interest rate of 11.49% onwards. Well, the interest rate was quite competitive as compared to other banks and the maximum loan amount is of Rs. 15 Lakhs which is also quite impressive as compared to other banks. In addition, the customer support services of the bank is just great.

Great

Asvin Bhatia

Sat Aug 19 2017 11:02:26 GMT+0000 (UTC) a year ago

Impressive!! The processing of Axis Bank’s personal was smooth and quick. In addition to personal loan, bank’s other services such as credit card service is also above par. Whenever you have a query, the customer support department will also make their best efforts to help you out. They have all the details regarding the personal loan. Its been great experience.

Great

Anay Borah

Sat Aug 19 2017 10:58:19 GMT+0000 (UTC) a year ago

Satisfied Experience! I am really impressed by the services Axis Bank offers to their customers. Their executives are smart and well-versed, no matter what is your query, they have the resolution to all your queries. The executive who was handling my personal loan case was cooperative and intelligent. He told that the interest rates and processing fee are nominal. He even told that I can close my loan after two months and I don’t have to spend a single penny.

Bad

Anoop Biswas

Sat Aug 19 2017 10:51:08 GMT+0000 (UTC) a year ago

Poor Services
I applied for Personal Loan with Axis Bank in the month of September. I am surprised that it took the bank 3 months just to complete the formalities. And even after the long wait of three months, a couple of days back I receive a message that the cheque is already disbursed but the concerned person is on the leave and he will be coming after one week. This is really poor services from Axis Bank.

Age should be between 28 years to 65 Years for Self Employed Individuals and 25 years to 65
Years for Doctors.

Net Annual Income should be minimum ₹ 40 Lacs for Non-professionals; ₹ 15 Lacs for professionals; as per audited financials.

Minimum Profit after tax should be ₹ 2 lac for Proprietorship Firm/Self employed Individuals and ₹ 1 Lac for non-professionals as per audited financials.

Business should be stable for 5 years for Self-Employed Individuasls and minimum 3 years for Doctors.

Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months existing relationship with ICICI Bank required; repayment track as required.

Note: The minimum salary requirement will differ depending on the profile (Type of employer, having relationship with ICICI Bank etc.) of the customer.

Myra Goyal

Sat Aug 19 2017 15:45:39 GMT+0000 (UTC) a year ago

I applied for the personal loan from ICICI Bank but after two days I was informed that my loan was rejected. But I tried to know the reasons behind the rejection, but no one at the branch and neither at the customer support department helped me.

Kabir Chand

Sat Aug 19 2017 15:38:17 GMT+0000 (UTC) a year ago

The services of State Bank of India is quite poor, they take so much time to process the loan and moreover, the staff don’t help if you have any issue.

Good

Shreyas Bhasin

Sat Aug 19 2017 15:36:50 GMT+0000 (UTC) a year ago

As far as personal loan is concerned, I must say that State Bank of India is the best. Their loan process is lengthy and they really need to make some amendments. The interest rates offered by the bank 12.90% to 15% p.a. is quite high as compared to other banks. Their customer support team is quite active and well-versed, rest assured all queries will be resolved.

Priviliges

Eligibility

Pari Ganesan

Sat Aug 19 2017 15:42:10 GMT+0000 (UTC) a year ago

I recently applied for personal loan from SBI. The services offered by the bank is quite good and the interest rates and other services are the best in the industry.

Okay

Ritvik Chauhan

Sat Aug 19 2017 15:40:36 GMT+0000 (UTC) a year ago

As expected from a government bank, the services offered by the bank is very slow and inefficient. My personal loan was processed way after the stipulated time. There was no assistance from the bank whatsoever. So my experience with State Bank of India is quite poor.

Pranav Chopra

Sat Aug 19 2017 15:33:25 GMT+0000 (UTC) a year ago

I am a customer of HDFC Bank for the past three years and my relation with the bank is quite good. Recently, I applied for a personal loan and my loan was quickly processed but I only have the problem with the processing fee which is quite high. Other than that everything was smooth and swift.

Great

Shaurya Gupta

Sat Aug 19 2017 15:32:04 GMT+0000 (UTC) a year ago

Recently, I have received HDFC Bank personal loan. The customer support of the bank is impressive. The loan was disbursed within 15 days and the interest rates are also quite competitive as compared to other banks. But, I am not happy with the amount of loan I was offered as I wanted to have a personal loan of Rs. 3 Lacs and the bank only gave approval for Rs. 2,20,000.

Shanaya Hari

Sat Aug 19 2017 15:50:46 GMT+0000 (UTC) a year ago

Last week I applied for the personal loan from Kotak Mahindra Bank. I immediately received a call from their customer support team, the executive guided me the whole process and even promised the visit of an executive at my place. The loan was disbursed within 10 days.

Bad

Sara Gurpal

Sat Aug 19 2017 15:49:12 GMT+0000 (UTC) a year ago

Kotak Mahindra Bank don’t offer quality services to its customers. I wanted to apply online, but their website never responds whenever I try to apply. I have also tried approaching their customer support team, but they always say that there is some technical error.

Bhavana Chandra

Tue Aug 22 2017 09:33:30 GMT+0000 (UTC) a year ago

Rewarding Experience!!! Tata Capital really takes care of their customers. You will be provided all the information you need related to the personal loan. The staff is cooperative, there is little documentation, the interest rates are completive, and the loan is disbursed with 6 days.

Bad

Bagavathy Das

Tue Aug 22 2017 09:32:23 GMT+0000 (UTC) a year ago

Poor Services. I am not at all satisfied with the services offered by Tata Capital. I was promised competitive interest rates, but while processing high interest rates were levied. The customer support is not at all cooperative, moreover the processing fees are quite high and you have to wait for a long time for the disbursal of loan.

Bad

Avantiaka Nath

Tue Aug 22 2017 09:29:54 GMT+0000 (UTC) a year ago

I was a little reluctant to apply for a personal loan with Tata Capital. But, after applying for the loan, my fears came true as I have to go through long documentation process, strict eligibility criteria, illiterate customer support team, high interest rates, and long disbursal time. Due to all these reasons, I really regret applying for a loan with Tata Capital.

Great

Mohit Arya

Tue Aug 22 2017 09:28:12 GMT+0000 (UTC) a year ago

Fast Processing!!
There are so many advantages if you take a decision to apply for a personal loan with Tata Capital. The advantages are -
Fast processing.
Competitive interest rates.
Prompt customer support.
Low processing fees.
Minimal documentation.
Relaxed eligibility criteria.

Key Facts

Personal loan for All state Govt., central Govt., teachers’ and allahabad bank’s employee Pensioners whose monthly pensions are credited in the accounts maintained by them with allahabad bank branches.

Apply for the loan amount equivalent of 10 months’ pension inclusive of relief subject to the following maximum limit.

Get loan amount of up to Rs. 2 Lacs for pensioners of age up to 65 years and Rs. 1 Lac for age above 65 years. Age will be reckoned as on date of sanction of loan.

Age of the pensioner should not exceed 73 years (Seventy three years) as on the date of disbursement of loan and loan should be fully repaid before attaining the age of 75.

Apply for the loan amount as low as Rs. 25000.

Repay the loan amount within maximum 48 months.

Personal guarantee & under taking required from family pensioner to repay the loan in case of death of pensioner.

Fee Details

Processing Fee : 0

Pre Closure Fee : 2.28% of the outstanding only in case of takeover.

Late Payment Fee : 2% of the overdue amount.

Part Payment Fee :

MCLR : 8.45%

Documents Required

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Pros

No Processing Fee

Prepayment Available

Cons

Good Credit History Required

Guarantee Required

Priviliges

Online Approval

Balance Transfer

Eligibility

Age of the pensioner should not exceed 73 years (Seventy three years) as on the date of disbursement of loan and loan should be fully repaid before attaining the age of 75.

Documents Required

Pros

Cons

Priviliges

Eligibility

Yakshit Arora

Sat Aug 19 2017 10:45:42 GMT+0000 (UTC) a year ago

Not Good
I am not at all satisfied with the services of Andhra Bank. I have applied for the personal loan with the bank but the services of the bank are very poor and slow. Moreover, the interest rate is also quite high. They don’t listen to the queries of the customers and they even won’t assist you if you are facing any issue. The bank works in an old-fashioned manner.

Good

Tushar Chandra

Sat Aug 19 2017 10:43:08 GMT+0000 (UTC) a year ago

Satisfactory
Recently, I have applied for Personal Loan with Andhra Bank. The rate of interest I was offered is manageable, I was promised that I will receive the loan amount within two weeks and I received the amount on the designated time.

Great

Shaan Arora

Sat Aug 19 2017 10:37:56 GMT+0000 (UTC) a year ago

Impressive!
The interest rate of Andhra Bank’s personal loan is very low. I am impressed by the customer support services of the bank. The best part is that I received the loan within a week and the loan amount was also disbursed on time. I am happy with the services of the bank.

Key Facts

Get personal loan for purchase of consumer durables and other household appliances.

Apply for loan amount equivalent to 10 month gross salary in case of salaried class. 40% of gross annual income in case of non-salaried class. 4 months pension in case of pensioners or 75% cost of the article whichever is less.

Maximum 60 months EMIs.

Guarantee of Husband/ father or any third party (with sufficient worth and of regular income) acceptable to the bank.

Collateral security of Assignment of Life insurance policy with equivalent surrender value and Pledge of shares, NSCs, Units etc. of adequate value.

Priviliges

Eligibility

Shreyas Bhasin

Sat Aug 19 2017 10:41:04 GMT+0000 (UTC) a year ago

Good Services!!
I applied for Andhra Bank Personal Loan a couple of days back. I was offered an interest rate of 12% to 13% and the loan term was of 60 months. The bank offers minimum paperwork and eligibility criteria is also relaxed so I am quite satisfied with the services of the bank.

Re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.

Interest is payable only on the utilized loan amount. There is no interest levied on the prepaid amount.

Seamless, easy, hassle-free online transactions on the customer portal, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to Bajaj Finserv Ltd. through net banking facility.

Arjun Sinha

Sat Aug 19 2017 15:03:08 GMT+0000 (UTC) a year ago

I applied for personal loan with Bajaj Finserv and I had a good experience. The executive who came to my house to collect the documents didn’t inform me about the insurance charges. The bank offered me impressive interest rates. It is my advice to the bank, that they should inform the customers of the different charges.

Great

Aarav Behl

Sat Aug 19 2017 14:59:51 GMT+0000 (UTC) a year ago

I applied for personal loan from Bajaj Finserv and the services offered by the bank is quite impressive. The loan was disbursed and it also got credited in my account within a week as well. I am rally impressed by the quick services and moreover I didn’t face any kind of issue.

Good

Abhishek Chaurasiya

Sat Aug 19 2017 14:55:59 GMT+0000 (UTC) a year ago

I won’t say Bajaj Finserv Personal Loan is the best but it is slightly better than other banks out there. My loan was processed on time and the interest rates are also quite low. The bank offers a loan up to Rs. 25 Lakh and there were various benefits of using FlexiLoans. Moreover, if you are an existing customer of the bank, you get to enjoy you get to enjoy pre-approved offers as well.

Key Facts

Get finance up to Rs. 35 Lacs with quick approvals and a low rate of interest.

No guarantors and no collaterals required. Minimal documentation and online fund management.

Get a dedicated credit line for a particular duration with Line of Credit Facility.

You can prepay any amount. However, the prepayment transaction should not be less than the total amount of 3 EMIs. There is no limit on the maximum amount. This is subject to you clearing your first EMI.

As an existing customer of Bajaj Finserv, you will be eligible to get exclusive pre-approved offers from us. These offers may include a top-up loan or even reduction of rates from time to time.

Vivaan Bhardwaj

Sat Aug 19 2017 15:05:25 GMT+0000 (UTC) a year ago

I applied for a personal loan from Bajaj Finserv couple of days back. The customer support services I received was simply great and the loan approval & disbursement was also very quick. The interest rate is slightly high as compared to the competitors. But, overall I am satisfied with the services of the bank.

Key Facts

Apply for loan amount of as high as Rs. 2 Lacs, if you’re maintaining a satisfactory account relationship with the bank or any other Bank for at least 6 months.

Apply for loan amount of above Rs. 2 Lacs, if you’re maintaining a satisfactory account relationship with the bank or any other Bank for at least 6 months. In case of Employees of Proprietorship, Partnership firms, Private Limited companies, Trust – Salary account of the employee should be maintained with our Bank for the last 6 months. In case of Insurance Agents – The Commission for the minimum last -6- months to be credited to the account with us.

Repay the loan amount in 12 to 48 months.

Fee Details

Processing Fee : 2

Pre Closure Fee : 0

Late Payment Fee :

Part Payment Fee : 0

MCLR : 8.50%

Documents Required

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Pros

Prepayment Available

Cons

High Interest Rate

Priviliges

Online Approval

Balance Transfer

Eligibility

Minimum age of 21 Years.

For Salaried Persons, Age of Borrower plus repayment period should not exceed retirement age or 60 years whichever is lower. For non-salaried Persons, Age of Borrower plus repayment period should not exceed 65 years

Arnav Bajaj

Sat Aug 19 2017 15:20:14 GMT+0000 (UTC) a year ago

I am having a saving account with Bank of Baroda and on the basis of my account I applied for a personal loan. I was offered an interest rate of 11.5%, one of the bank executives visited my house to collect all the required documents. My personal loan was processed within 10 days and the services offered by the bank is commendable.

Bad

Muhammad Khalid

Sat Aug 19 2017 15:18:16 GMT+0000 (UTC) a year ago

Bank of Baroda is the worst bank I have ever seen. The bank doesn’t offer any benefits on availing a loan from them, the documentation process is so lengthy that it will take one whole day to complete it, and the eligibility criteria is also not suitable. The bank takes eternity to disburse the loan. All in all, pathetic services from the bank.

Great

Vihaan Balan

Sat Aug 19 2017 15:15:56 GMT+0000 (UTC) a year ago

I have taken personal loan from Bank of Baroda. The interest rate is low as compared to other banks. The minimum loan amount is Rs. 20,000 and the maximum offered is Rs. 2,00,000, for civil pensioners the amount is Rs. 1 Lac, defense pensioners it is Rs. 2 Lacs, and for earnest money deposit it is Rs. 5 Lacs. The best part is that you don’t have to go through the lengthy documentation process just like other banks. The eligibility criteria are also relaxed. So, overall experience with the bank is quite satisfying.

Great

Reyansh Bakshi

Sat Aug 19 2017 15:13:46 GMT+0000 (UTC) a year ago

I applied for personal loan from Bank of Baroda. I was really impressed by the benefits as a customer I get to enjoy. There was no collateral needed, less documentation, competitive interest rates, loan is payable in easy installments, flexible tenure offered of 4 years, etc.

Key Facts

Avail personal loan as high as Rs. 5 Lacs, subject to minimum Rs. 10,000 in metro and urban cities and there is no minimum limit in Rural and Semi-Urban citiesThe net take home pay / income should not be less than 40% of gross income of the applicants.

Repayable in 12 months to 36 months, and up to 60 months in some exceptional cases.

No User Reviews Yet

Key Facts

Apply for loan for Personal Expenses such as Medical Expenses, Expenses on Travel / Tour, Income Tax liability, Expenses for Family Functions etc.

You can borrow a maximum Rs. 1.50 Lacs, subject to deduction norms.

Enjoy repayment period of maximum 36 Months.

No margin money needs to be paid in order to avail the loan.

Fee Details

Interest Rate : 12.70%

Processing Fee : 1

Pre Closure Fee : N/A

Late Payment Fee :

Part Payment Fee : N/A

MCLR : 8.70%

Documents Required

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Proof of Address: Aadhaar Card / Voter ID Card / Ration Card

Proof of Identity: PAN Card / Aadhaar Card / Voter ID Card / Passport

Proof of Income (For Salaried): Last 2 Year ITR, Form 16, Last 3 months salary slip and Last 6 months bank’s statement.

Proof of Income (For Non-Salaried): Last 2 Years ITR, Audited Balance Sheet, and Last 1 Year Bank Statement.

Pros

No Margin Money Required

Cons

High Processing Fee

No Prepayment Allowed

Priviliges

Online Approval

Balance Transfer

Eligibility

Existing Housing Loan Borrowers subject to Salaried Individuals only, having minimum standing of 1 year relationship with the bank.

Corporate Salary Account holders having minimum standing of 1 year relationship with the Bank, where borrower is having a total experience of minimum 2 years in employment and with 1year in the current organization.

For Corporate Salary Account holders, Rs. 3 lakh as per the last year income along with minimum last 2 year ITR/Form 16 from the Employer is Mandatory.

No User Reviews Yet

Key Facts

Avail loan for individuals to purchase of brand new durable utility articles, home appliances including furniture, computers / Laptops, electronic gadgets especially to the staff of corporate bodies and others.

Get loan amount for 10 times of gross monthly salary subject to upper ceiling fixed by the bank from time to time.

Avail repayment period of up to 60 months.

Personal guarantee of one confirmed employee is mandatory.

Fee Details

Interest Rate : 12% - 19%

Processing Fee : 1

Pre Closure Fee : N/A

Late Payment Fee :

Part Payment Fee : N/A

MCLR : 9.80%

Documents Required

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KYC Documents

Latest salary slip OR Certificate with date of superannuation or document evidencing remaining period of service of the applicant.

Latest 6 months updated operating bank statement.

Proof of length of completed service

Undertaking from salary disbursing authority.

Pros

Flexible Tenure

Loan Quantum above Rs. 10 Lacs.

Cons

Guarantee Mandatory

High Interest Rates

Priviliges

Online Approval

Balance Transfer

Eligibility

Employees of reputed organisation with minimum 3 years of confirmed service

No User Reviews Yet

Key Facts

Avail PNB personal loan to meet all types of personal needs such as medical treatment of self or a family member, marriage of self, son/daughter, defraying expenses on education of wards, expenses for domestic or foreign travel etc.

The maximum limit of loan that can be availed is Rs. 5 Lacs, valid for Salaried persons who have completed service of 3 years in the present organization and drawing net monthly salary of not less than Rs. 30,000 per month.

The maximum limit of loan available is Rs. 10 Lacs, valid for employees drawing salary through PNB account and completed 3 years of service in the present organization

You can repay the loan amount in as long as 5 years or the remaining period of service, whichever earlier.

The income of spouse can be included while calculating the repayment capacity, if spouse is a confirmed/permanent employee of Central. State Govt./ PSUs and reputed companies, Educational Institutions including Schools, Colleges, Universities, Autonomous bodies, Hospitals, Nursing Homes. The spouse is to be made as co-borrower in such cases.

The applicable rate of interest as 12% for loan amount up to Rs.10 lac, valid for individuals including Defence Personnel, whose salary is being disbursed through PNB branches only.

An interest rate of 13% for loan above Rs. 5 lacs to up to Rs. 10 lac, valid for other categories i.e. applicants not having salary account with PNB irrespective of check off facility. Field functionaries are not empowered to sanction these cases.

An interest rate of 14% for loan up to Rs. 5 lacs, valid for individuals who are availing the loan under check off facility, including Defence Personnels.

An interest rate of 15% for loan up to Rs. 5 lac, valid for other borrowers.

Fee Details

Interest Rate : 12% - 15%

Processing Fee : 1.80

Pre Closure Fee : 0

Late Payment Fee : 2% of the overdue amount

Part Payment Fee : 0

MCLR : 8.45%

Documents Required

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KYC Documents

Passport Size Photographs

Income Proof

Pros

High Quantum of upto Rs. 10 Lacs

No Prepayment Charges

Cons

Personal Loan Application of a Defense Personnel whose retirement is due within next 24 months may not be entertained.

Priviliges

Online Approval

Balance Transfer

Eligibility

Applicant should be minimum 21 years at the time of loan application.

Maximum age of the salaried applicant should not be more than 58 years and 65 years for Self-Employed at the time of loan maturity.

Salaried applicants applying for a personal loan of up to Rs. 4 Lacs, should have a Net Monthly Income of minimum Rs.10,000 (Semi- Urban / Rural Areas), Rs.12,500 (Urban Areas), and Rs.15,000 (Metro Areas).

Applicants applying for personal loan of up to Rs. 5 Lacs should have a Net Monthly Income of minimum Rs. 30,000.

Applicants applying for a personal loan of up to Rs. 10 Lacs, should have a Net Monthly Income of Rs. 30,000 (Semi- Urban / Rural Areas), Rs. 40,000 (Urban Areas) and Rs.50,000 (Metro Areas).

The minimum salary criteria for Teachers and Defense Personnels is Rs. 7,500 per month.

Applicant can also be a professionally qualified Doctors holding a degree of MBBS, BDS or any Medical Degree above these two and having a net annual income of Rs. 4 Lacs minimum. Also the persona must be paying the taxes for last 3 year minimum.

Applicant should have a work experience of minimum 3 Years in the current organization if applying for a personal loan of above Rs. 4 Lacs.

No User Reviews Yet

Key Facts

Avail HSBC personal loan for any personal need, be it Home renovation or other home related expenses, Marriage expenses, Travel expenses, Transferring an existing loan from another bank, Purchasing consumer durables or equipment, or Any other personal needs and contingencies.

Get personal loans with flexible tenure of up to 5 years i.e. tenure from a minimum of 6 months onwards with additional block of 6 months. Choose a tenure ranging from 6, 12 , 18, 24, 30, 36, 42, 48, 54 or 60 months.

Avail maximum up to Rs. 15 Lacs. However, loans upto Rs. 30 Lacs may approved for Selected customers based on internal credit policy of HSBC.

Get an Amazon e-gift voucher worth Rs. 1,000 on loan disbursal from 1 Lac to less than 5 Lacs OR Amazon e-gift voucher worth Rs. 1,500 on loan disbursal from 5 Lacs to less than 10 Lacs OR Amazon e-gift voucher worth Rs. 2,000 on loan disbursal of 10 Lacs and above.

For Salaried individuals, Latest salary slip showing statutory deductions OR Form 16 (Declaration from employer giving details of income and deductions, duly signed by an authorised signatory of the company) AND Salary account statements for the last 3 months

For Self employed individuals, Audited/ certified financials (P&L account and Balance Sheet) AND Acknowledged IT returns for the last 2 years AND Bank statement of the primary account for the last 6 months

Pros

Additional Gifts on Disbursal

Quantum of upto Rs. 30 Lacs

Quick Disbursal

Cons

High Interest Rates

High Prepayment Charges

Priviliges

Online Approval

Balance Transfer

Eligibility

Applicant must be existing HSBC customer

Applicant should be a permanent resident of the following Indian cities – Mumbai, Delhi, Pune, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Chandigarh, Chennai and Cochin only.

Minimum age of the Applicant should be 21 years

Maximum age of the Applicant at loan maturity should be 58 years years for salaried and 65 years for the self employed

Minimum net annual income should be Rs.400,000 p.a. and above for Corporate Employee Programme and Rs.500,000 and above for other customers

For Salaried individuals, Latest salary slip showing statutory deductions OR Form 16 (Declaration from employer giving details of income and deductions, duly signed by an authorised signatory of the company) AND Salary account statements for the last 3 months

For Self employed individuals, Audited/ certified financials (P&L account and Balance Sheet) AND Acknowledged IT returns for the last 2 years AND Bank statement of the primary account for the last 6 months

Pros

No Security Required

High Quantum up to Rs. 15 Lacs

Cons

High Interest Rates

High Processing Charges

Priviliges

Online Approval

Balance Transfer

Eligibility

For Salaried, Minimum age at the time of application should be 21 years and Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier. For Self-Employed Professionals and Individuals, 25 to 65 years.

For Salaried, Minimum net monthly income should be Rs.25000. For Self-Employed Professionals and Individuals, net annual income post tax should be Rs. 4.8 Lacs.

Salaried Person should have completed minimum 2 years in employment and minimum 1 year in the current organisation. Self-Employed Professional should have 4 years of post qualification experience. Self-Employed Individuals should have 5 years of post qualification experience.

Salaried person should have completed minimum 1 year of stay at the current residence, if rented.

Salaried Employees includes salaried doctors, salaried Chartered Accountants, employees of select Public and Private Limited companies, Government Sector employees including Public Sector Undertakings and Central, State and Local bodies.

For confirmed employees from departments and institutions promoted / sponsored by State & Central government, the three Armed Services (with or without existing relationship), the minimum loan amount is Rs. 50,000 to maximum Rs. 10 Lacs.

Salaried individuals having Asset relationship with the bank, can borrow maximum Rs. 10 Lacs. And, a Self employed Professionals can borrow up to Rs. 5 Lacs

Documents Required

Pros

Cons

High Interest Rates for Salaried and Self-Employed Professionals

Priviliges

Online Approval

Balance Transfer

Eligibility

Salaried customers maintaining salary account with IDBI Bank, including Pensioners/ Family Pensioners from State or Central Government Departments, PSU companies and State or Central Government promoted/ sponsored entities or undertaking whose pension is credited to SB account with IDBI Bank, including retired staff of IDBI Bank.

In case of Confirmed employees from departments and institutions promoted/ sponsored by State & Central government, the three Armed Services – with or without existing relationship but satisfying the minimum income norms as specified below.

In case of all other category confirmed employees having liability relationship with IDBI Bank for more than one year and Self Employed Professionals (SEPs) having liability relationship with IDBI Bank for more than one year and satisfying the minimum income norms as specified below.

No User Reviews Yet

Key Facts

Avail personal loan without hypothecating any assets.

Avail up to Rs. 20 Lacs if you are salaried and Rs. 30 Lacs if you are a self- employed businessman. The actual loan amount eligibility will be calculated based on your income and other parameters that the Fullerton India Relationship Manager will explain.

No User Reviews Yet

Key Facts

Avail loan for any personal purpose, be it purchase of household appliances, marriage at home, or any family expenses / emergency.

Avail maximum up to 6 times of the gross salary as per latest salary bill, where employer deducts and remits the instalment amount every month or the instalment is deducted from the salary account maintained by the branch of Tamilnad Mercantile Bank.

Avail maximum up to 6 times of the gross salary as per latest salary bill, where borrower remits the loan instalment, where no undertaking is received from the employer and no salary account is maintained with the bank.

Repayment of the loan should be completed within maximum 60 months of disbursal. At the time of fixing repayment schedule, take home salary of the employee and the remaining period of service, etc., will be taken into account so as to ensure that the loan amount is recovered within the period of service of the applicant.

Fee Details

Processing Fee : 1

Pre Closure Fee :

Late Payment Fee : 2% per month on overdue amount.

Part Payment Fee :

MCLR : 9.40%

Documents Required

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Proof of income

Certificate from the employer for the Take Home Salary.

Undertaking from the employer to deduct and remit the instalment amount from the salary of the staff every month if the employer is agreeable for the same.

Application Form

Quotations wherever necessary.

Guarantee consent letter from third party, if necessary.

Undertaking from the employer that the applicant will not be relieved from the service under VRS without the consent of the Bank.

No User Reviews Yet

Key Facts

Avail loan for any genuine personal credit needs.

Avail finance up to 18 times of Net Monthly Salary or 1.5 times of Net Annual Income, whichever is less.

Pensioners upto the age of 65 years can borrow up to 15 times of Net Monthly Pension. And Pensioners above the age of 65 years to less than the age of 70 years can borrow up to 10 times of Net Monthly Pension or maximum Rs.1 Lac, whichever is less

Repayment of the loan should be completed within maximum 60 months from loan disbursal, subject to the maximum age of the borrower, whichever is earlier.

Fee Details

Processing Fee : 1

Pre Closure Fee : Nil

Late Payment Fee :

Part Payment Fee : Nil

MCLR : 8.75% p.a

Documents Required

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Proof of Income

Proof of Identity

Proof of Address

Proof of Signature

Pros

Low MCLR Rate

High Interest Rate

Cons

Maximum Loan Amount for Pensioners is limited to Rs. 1 Lac.

Priviliges

Online Approval

Balance Transfer

Eligibility

Govt./PSU employees

Confirmed/Permanent/Regular Employees of other institutions.

Pensioners having their pension account with Punjab and Sind Bank.

Minimum age of the applicant at the time of application should be at least 21 years.

Maximum age of the applicant at the time of full repayment of the loan should not exceed 60 years for Govt. /PSU Employees, 65 years for salaried applicant working in Private Company, and 70 years for Pensioners.

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Key Facts

Avail loan for any legitimate purpose, be it medical treatment, meeting any financial liability, marriage, or Social obligation etc.

Avail maximum up to Rs. 10 Lacs.

Avail UCO Rin Jeevan Suraksha to cover the outstanding loan in case of accidental or natural death of borrower.

Repayment of the loan should be completed within maximum 60 months of loan disbursal.

Fee Details

Processing Fee : 1

Pre Closure Fee : 0

Late Payment Fee :

Part Payment Fee : 0

MCLR : 8.55%

Documents Required

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Proof of Identity

Proof of Address

Proof of Signature

Photographs

Proof of Income

Pros

Life Insurance Protection

Loan up to Rs. 10 Lacs

Flexible Repayment Tenure

Security is Optional

Interest Concession for Female Applicants

Cons

High Interest Rate

Priviliges

Online Approval

Balance Transfer

Eligibility

A confirmed employee in Govt. / Semi-Govt. / Reputed Public / Private Ltd. Co. /College / Universities / Public Sector Undertaking or applicant should be a permanent employee or have completed minimum 2 years of service in the same organization.

Must have salary account with our branches or employer of applicant provide undertaking that monthly loan instalment will be recovered and directly paid to bank.

Salaried Individuals can borrow up to 25 times of monthly salary where Minimum Net Take Home Pay is equal to 30% after considering the EMIs and Interest Liabilities towards Banks/FIs. Subject to 40% if the salary is less than Rs. 25,000 per month.

Persons engaged in business/profession including Doctors who are filing IT Returns, can borrow maximum up to 1.5 times of the annual income declared as per the latest IT return excluding capital gains.

Persons travelling abroad on employment contract can borrow maximum up to 75% of total expenses or 5 times of monthly salary, whichever is lower as per contract terms.

An NRI applicant can borrow up to 50% of the average annual remittance to their NRI account /spouse’s domestic account, excluding bulk remittance.

Non-Individuals can borrow up to maximum Rs. 10 Crores per employer.

Enjoy repayment period as long as 48 months. In the case of Non-Individuals, single monthly payment covering the total monthly installments of all members of the group to be obtained from the institution.

Fee Details

Processing Fee : 0.50

Pre Closure Fee : Up to 2% of prepaid amount.

Late Payment Fee : 2% per month on overdue amount.

Part Payment Fee :

MCLR : 9%

Documents Required

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Proof of Identity

Proof of Address

Proof of Signature

Photographs

Proof of Income

Pros

Higher Loan Amount

Security Is Mandatory

Prepayment Available

Cons

High Interest Rate

High MCLR Rate

Priviliges

Online Approval

Balance Transfer

Eligibility

Individuals permanently employed in reputed companies/ firms / organisations / Govt. service having remaining period of service equal to the repayment period.

Practicing / employed Doctors - having professional Medical Degree

Businessmen

Other categories having sufficient income /IT Return and who are capable of remitting EMIs.

Key Facts

Borrow up to five times of the Gross Salary or maximum of Rs.50,000 for account holders whose salary is credited in the Indian Bank’s branch account

Borrow up to 7 times of gross salary or maximum Rs. 1 Lac with employer sponsorship with undertaking letter from the employer to recover EMI from salary and remit to the bank.

Repayment period of up to 36 months long.

Fee Details

Processing Fee : 0.51

Pre Closure Fee :

Late Payment Fee :

Part Payment Fee :

MCLR : 8.50%

Documents Required

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Proof of employment and salary certificate (salary credit to SB account with branch or employer's undertaking to recover EMI and remit to bank).

In case of individual borrowers who approach for loan under this scheme directly without employer sponsorship or salary credit, salary certificate for self for 6 months IT returns/Form 16 for 3 years from the individual borrowers. Additionally, statement of account for the past 6 months along with post dated cheques to be and suitable third party guarantee.

Documents Required

For Salaried, salary certificate issued by the employer / Income Tax return.

For Agriculturist, record of landholding & cropping pattern or any other proof of income.

For all other individuals, last 2 yrs. IT return & computation sheet / Bank A/C statement.

In case of takeover: Copy of home loan account statement for the entire period / Certificate from the lending institution giving pre-closure amount.

Pros

Zero Prepayment Charges

Flexible Repayment Tenure

Margin Money isn't Mandatory

Concession on Interest Rate

Cons

High Processing Charges

Guarantor is Mandatory

Priviliges

Online Approval

Balance Transfer

Eligibility

Permanent and confirmed employee of Public Sector Undertaking (PSU) and Centre / State Govt. Deptt. and other Government institutions like Universities/Colleges etc. having their salary account with our bank.

The net monthly salary should not be less then Rs 10,000.

The net take home salary should not be less than 30% of gross salary after deducting the EMI of the proposed loan.

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Key Facts

Apply for the loan amount 10 times of salary or Rs.15 Lacs whichever is lower, if your employer undertakes to deduct the loan installment from salary and remit to us or the salary is routed through the loan granting branch.

For others, it is 5 times of salary or Rs. 1 Lac whichever is lower. For LIC agents, the maximum loan is up to 10 times average monthly commission or Rs.10 Lacs, whichever is lower.

Repayment in a maximum of 60 months in case the loan is for 10 month salary and 36 months in case the loan is for 5 months salary.

Fee Details

Processing Fee : 1.10

Pre Closure Fee :

Late Payment Fee :

Part Payment Fee :

MCLR : 8.55%

Documents Required

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Application form

Salary certificate of applicant and guarantor with deduction particulars

Undertaking letter from employer to deduct monthly installment and recover the dues from terminal benefit in case of necessity.

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Key Facts

Avail DENA Suvidha loan for any personal cause, be it to finance a marriage or family function, to travel or celebrates a festival, for medical treatment or educational purposes, to plan a vacation or for an unforeseen event.

Avail loan amount of min Rs. 15,000 to maximum 9 times of Net Monthly Income subject to repayable in 36 months OR 6 times of Net Monthly Income subject to repayable in 24 months OR 3 times of Net Monthly Income subject to repayable in 12 months.

You can borrow a maximum of Rs. 1 Lac.

You have to repay your loan within maximum 36 months.

Enjoy 0% preclosure charge.

Fee Details

Processing Fee : 1

Pre Closure Fee : 0

Late Payment Fee :

Part Payment Fee :

MCLR : 8.55%

Documents Required

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Application form

Photograph

Age proof

ID proof

Income proof

Bank statement

Residence proof

Signature verification proof

Pros

Zero Preclsoure Charges

Cons

Loan Quantum is limited to maximum Rs. 1 Lac.

Repayment Period is limited to 3 Years.

Minimum monthly salary of Rs. 15,000 required.

High Interest Rate

Priviliges

Online Approval

Balance Transfer

Eligibility

Permanent employee between 24 to 55 years having worked for at least 2 years in a Govt. or PSU/ reputed organization.

Should have a gross monthly income of at least Rs.15,000.

Have a salary disbursement arrangement with DENA Bank or provide an undertaking from your employer.

Key Facts

A Salaried borrower can avail maximum up to 9 Months Net Salary, where salary is routed through the branch of Corporation Bank.

A Salaried borrower can avail maximum up to 12 Months Net Salary, where salary is routed through the branch of Corporation Bank and undertaking letter is also provided.

A Pensioner drawing pension through Corporation Bank, can borrow up to 10 months Net Pension.

In case of Non-Salaried/Pensioner, borrower can avail up to 25% of the gross annual income.

Enjoy repayment period of up to 60 months long.

Fee Details

Processing Fee : 1.50

Pre Closure Fee : 0

Late Payment Fee :

Part Payment Fee : 0

MCLR : 8.75%

Documents Required

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Application form

Photograph

Age proof

ID proof

Income proof

Bank statement

Residence proof

Signature verification proof

Pros

Flexible Repayment Tenure

Zero Preclosure Charges

Zero Part-payment Charges

Margin Money isn't Mandatory

Cons

High Processing Charges

High Interest Rate

Security is Mandatory

Priviliges

Online Approval

Balance Transfer

Eligibility

Permanent employees of Central / State Government offices, profit-making Public Sector Undertakings, Public Limited Companies, Schools, Colleges, Universities, Research Institutions, Pensioners drawing pension through our Bank and individuals with income other than salary / pension.

Permanent employees of reputed Private Companies/Firms are also eligible.